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RBI may soon launch CPI-linked bonds too
The Reserve Bank of India may switch the indexing of inflation-linked bonds to the consumer price index ( CPI) if this measure stabilise
The Reserve Bank of India may switch the indexing of inflation-linked bonds to the consumer price index ( CPI) if this measure stabilises, the central bank's executive director R. Gandhi said on Monday.
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Reuters[/caption]
The RBI will sell Rs 1000 crore-2000 crore of inflation-linked bonds on June 4, kickstarting monthly sales of the new type of debt, but for now plans to link the debt to the wholesale price index (WPI).
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The country's annual consumer price inflation slowed for the second straight month in April to 9.39 per cent.
Reuters
First Published:May 20, 2013, 17:04:55 IST
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